Universal Technical Institute (NYSE:UTI) Price Target Raised to $30.00

Universal Technical Institute (NYSE:UTI) had its target price lifted by Northland Securities from $24.00 to $30.00 in a research note released on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on UTI. Lake Street Capital upped their price target on Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Barrington Research increased their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Truist Financial boosted their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Rosenblatt Securities lifted their price objective on Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, B. Riley raised their price target on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $26.33.

Universal Technical Institute Stock Down 0.5 %

Shares of NYSE UTI opened at $25.29 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.37 billion, a PE ratio of 34.18, a P/E/G ratio of 1.78 and a beta of 1.48. The company’s fifty day simple moving average is $21.24 and its 200 day simple moving average is $18.11. Universal Technical Institute has a 12-month low of $11.39 and a 12-month high of $26.71.

Insiders Place Their Bets

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total value of $777,600.00. Following the sale, the director now directly owns 128,205 shares of the company’s stock, valued at approximately $3,323,073.60. This represents a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 27.60% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

A number of institutional investors have recently made changes to their positions in the stock. Covestor Ltd lifted its holdings in Universal Technical Institute by 6,256.0% during the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after buying an additional 1,564 shares in the last quarter. RiverPark Advisors LLC acquired a new position in Universal Technical Institute during the 2nd quarter worth $43,000. Quarry LP increased its holdings in Universal Technical Institute by 380.6% during the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after purchasing an additional 3,056 shares during the period. International Assets Investment Management LLC raised its position in Universal Technical Institute by 1,526.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after purchasing an additional 3,815 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Universal Technical Institute by 95,120.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock valued at $150,000 after buying an additional 9,512 shares during the period. 75.67% of the stock is currently owned by institutional investors and hedge funds.

About Universal Technical Institute

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.